IShares Asia Correlations

IAA Etf

105.95 0.53 0.50%

The current 90-days correlation between iShares Asia 50 and Vanguard Total Market is 0.22 (i.e., Modest diversification). The correlation of IShares Asia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

IShares Asia Correlation With Market

Good diversification

The correlation between iShares Asia 50 and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Asia 50 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IShares Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Asia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Asia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Asia 50 to buy it.

Moving together with IShares Etf

0.62	SPY	SPDR SP 500	Pair Corr
0.62	IVV	iShares Core SP	Pair Corr
0.61	VTS	Vanguard Total Market	Pair Corr
0.61	WXOZ	SPDR SP World	Pair Corr
0.75	WXHG	SPDR SP World	Pair Corr

Moving against IShares Etf

0.67	IXJ	iShares Global Healthcare	Pair Corr
0.57	IXI	iShares Global Consumer	Pair Corr

Related Correlations Analysis

	VTS	SPY	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ
VTS		1.0	1.0	0.94	0.92	0.96	-0.3	0.98	1.0	0.99	VTS
SPY	1.0		1.0	0.93	0.92	0.96	-0.29	0.98	1.0	0.99	SPY
IVV	1.0	1.0		0.93	0.92	0.96	-0.29	0.98	1.0	0.99	IVV
IJR	0.94	0.93	0.93		0.84	0.88	-0.35	0.98	0.92	0.91	IJR
QUAL	0.92	0.92	0.92	0.84		0.91	-0.2	0.9	0.93	0.93	QUAL
MOAT	0.96	0.96	0.96	0.88	0.91		-0.12	0.94	0.96	0.96	MOAT
IXI	-0.3	-0.29	-0.29	-0.35	-0.2	-0.12		-0.35	-0.29	-0.24	IXI
IJH	0.98	0.98	0.98	0.98	0.9	0.94	-0.35		0.98	0.96	IJH
VGS	1.0	1.0	1.0	0.92	0.93	0.96	-0.29	0.98		0.99	VGS
WXOZ	0.99	0.99	0.99	0.91	0.93	0.96	-0.24	0.96	0.99		WXOZ
	VTS	SPY	IVV	IJR	QUAL	MOAT	IXI	IJH	VGS	WXOZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SPY	+ 1.0	VTS
IVV	+ 1.0	VTS
VGS	+ 1.0	VTS
IVV	+ 1.0	SPY
VGS	+ 1.0	SPY
VGS	+ 1.0	IVV

High negative correlations

IJH	- 0.35	IXI
IXI	- 0.35	IJR
IXI	- 0.3	VTS
VGS	- 0.29	IXI
IXI	- 0.29	IVV
IXI	- 0.29	SPY

IShares Asia Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares Asia ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares Asia's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VTS	0.55	0.11	0.04	0.48	0.47	(0.60)	1.28	(1.05)	3.94
SPY	0.56	0.10	0.02	0.40	0.53	(0.61)	1.28	(1.25)	4.68
IVV	0.54	0.11	0.03	0.48	0.45	(0.59)	1.34	(1.04)	3.86
IJR	0.88	0.10	0.06	0.30	0.73	(1.15)	2.19	(1.49)	6.82
QUAL	0.67	(0.03)	(0.09)	0.06	0.88	(0.73)	1.32	(1.50)	8.25
MOAT	0.53	0.07	(0.04)	0.47	0.46	(0.57)	1.35	(1.09)	4.05
IXI	0.51	(0.01)	(0.16)	0.01	0.71	(0.49)	1.08	(0.81)	3.90
IJH	0.66	0.10	0.06	0.31	0.56	(0.78)	1.69	(1.05)	5.71
VGS	0.48	0.07	(0.03)	0.44	0.44	(0.56)	1.07	(0.93)	3.04
WXOZ	0.46	0.08	(0.06)	1.49	0.46	(0.52)	1.05	(0.79)	2.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Asia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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